The High-Tech Park (HTP) of Belarus is preparing a large-scale reform of crypto legislation, which could radically expand the list of legal operations with digital assets. This involves introducing instruments such as copy trading, trust management, and airdrops into the legal framework. Currently, these activities are at the stage of active development—no approved norms exist yet.

At the same time, a law on crypto banks is set to come into force in the near future. This new entity is a hybrid: an HTP resident and a bank operating under the supervision of the National Bank. This structure will allow certain individuals and companies to legally conduct foreign economic transactions using cryptocurrency.

What exactly is planned to be legalized?

The HTP confirms that work is underway to include the following mechanisms in the legislation:

  • Copy Trading — automatic copying of successful traders' transactions.
  • Trust Management — transferring assets to a professional manager.
  • Airdrops — free distribution of tokens to users.

All these operations currently remain in the "gray" zone, but their legalization could significantly enhance the attractiveness of the Belarusian jurisdiction for crypto businesses.

Infrastructure and Investor Protection

The country has already established a comprehensive infrastructure for the legal circulation of cryptocurrency, including separate regulations for legal entities and individuals. It is important to note that the interests of the state and bona fide users align here: both sides are interested in expanding legal and safe investment methods while minimizing fraud risks.

All HTP residents are required to warn clients about investment risks. To check whether a specific exchange or organization is an HTP resident and whether it is eligible for benefits and state protection, one can contact the High-Tech Park directly.

Cryptalist Analysis: The legalization of copy trading and airdrops is a logical step for Belarus, which aims to become a regional hub for crypto innovation. However, the key challenge remains integrating these instruments with existing sanctions restrictions. For Russian users, operations within the Belarusian jurisdiction may involve additional risks related to sanctions pressure. Nevertheless, the very direction of expanding the legal field is undoubtedly a positive signal for the market.